Reported by The Defiant, leading stablecoin issuer Tether has integrated with Telegram to bring USDT payments to one of the most popular messaging apps on the planet.
“This popped up just now on my app,” wrote Tether CEO Paolo Ardoino on April 19, posting a photo of Telegram announcing that USDT was available on the app. “Tether and Telegram join forces. An entire ecosystem at your fingertips. Unstoppable Together.”
Users will now be able to send USDT within Telegram for free and withdraw the stablecoin from the app without any costs.
Paolo Ardoino, Pavel Durov, CEO of Telegram, and Andrew Rogozov, the CEO of Top and Wallet – which will facilitate the integration between the companies – made the announcement at the recent Token2049 conference in Dubai.
Between Tether’s dominance in the stablecoin market, with more than 70% of the sector’s $158 billion market capitalization, and Telegram’s 900 million users, the fusion presents a potent opportunity for crypto to take another step toward mainstream adoption.
Tether
